Fortis

FTS Utilities Utilities Regulated Electric

Fortis' revenue for fiscal 2025 (year ended December 2025) was $8.7 billion, up 3.71% from fiscal 2024.

Revenue
+4.39%
EPS
+28.7%
Free cash flow
−10.2%
Total debt
+14.0%

Quarter to September 2026, against a year earlier

61.19 0.26 +0.43%
Market cap
$31.3B
P/E
23.2×
Fwd P/E
22.6×
Dividend yield
3.02%
F-score
6/9
Altman Z
0.80
Beneish M
−2.73
Dividend safety
24/100

Fortis (FTS) Operating margin

Alert me on Operating margin

Fortis's operating margin over the twelve months to 30 September 2026 was 28.4%, down 0.2 percentage points from fiscal 2025 (28.7%). Over the past ten years it has ranged from 21.1% (fiscal 2015) to 34.6% (fiscal 2019); the current reading is higher than 82% of that period. That is above the Utilities Regulated Electric industry median of 21.7% and above the Utilities sector median of 18.7%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 28.7% 0.08
FY2024 28.6% 1.83
FY2023 26.8% 1.97
FY2022 24.8% (1.32)
FY2021 26.1% (1.94)
FY2020 28.1% (6.52)
FY2019 34.6% 6.40
FY2018 28.2% (1.93)
FY2017 30.1% 8.43
FY2016 21.7% 0.60

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 30.1% 2.65
Jun 2026 27.4% (0.63)
Mar 2026 28.1% (0.12)
Dec 2025 28.2% (1.47)
41 more quarters

Against its own ten years

Low 21.1% High 34.6%
Ten-year median 28.1%
Current reading's percentile 55

Operating margin against peers

Company Operating margin
FTS Fortis 28.4%
AEE Ameren Corporation compare 24.9%
CNP CenterPoint Energy, Inc. compare 24.4%
PPL PPL Corporation compare 24.1%
PEG Public Service Enterprise Group Incorporated compare 21.6%
ES Eversource Energy compare 21.6%
PCG Pacific Gas & Electric Co. compare 20.2%
FE FirstEnergy Corporation compare 14.9%
DTE DTE Energy Company compare 13.1%
Utilities Regulated Electric industry median 21.7%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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